As expected, Aussie continues to make lower lows, and should ensue a near completion of orthodox lows of higher degree.
We saw some wave overlap in the Alternate 2 Assimilation count (see linked idea). This price action gives us two options to consider; either 1) re-evaluate the termination of wave B which avoids the problem of overlapping because then wave 4 is relabelled as a wave 2 which imposes no restriction to how far it can retrace (see linked idea - Alternate 2 Accommodation) or 2) accommodate the price action of overlapping to an motive structure where it is plausible (illustrated in this publication).
The subdivision of this motive structure favours and confirms the alternate 2 Assimilation count , that minuette wave b green ends on May 12, as opposed to the alternate 2 accommodation count that sees it end as a running flat on May 16.
Here, I will expect at micro level purple for a correction to begin unfolding (AS WE CAN SEE) as wave 3 has reached quality and length 1.618% of micro wave 1. If clarity of structural subdivision exists for wave 4, I will be able to determine its termination, after which I will anticipate to add once again to the short position.
By the guideline of alternation, I am conviced that wave 4 has successfully completed its subdivision as a simple zig zag.